NOT LISTED FOR SALE

2440 Houston St Los Angeles, CA 90033

Estimated Value: $954,000 - $1,213,000

8 Beds
6 Baths
2,896 Sq Ft
$373/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $755,000 $261 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,761/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Felicitas and Gonzalo Mendez High Rated A-
  • Laundry Room
  • Central Heating

About This Home

As of November 2018

STANDARD SALE... Amazing opportunity to invest into 4 units with massive income potential. Excellent for all buyers looking to purchase in Los Angeles area where you can have a strong cap rate and loyal tenants.
2 units have 2 bedrooms, 1 full bathroom, and 1/2 bathroom and 2 units have 2 bedrooms with one bathroom. Kitchen, bathroom, and living area are in good condition. Each unit has plenty of parking with assigned parking space in the back of the property where you can access from the alley. Conveniently located close to schools, shopping, metro, parks, downtown LA, LAC/USC Medical center, 10 fwy and the 5 Fwy. Please do not disturb tenants, drive by only, subject to interior inspection.

Last Agent to Sell the Property

Ruben Galvan

High Ten Partners, Inc. License #01775184 Listed on: 08/22/2018

High Ten Partners, Inc.

Last Buyer's Agent

Ruben Galvan

High Ten Partners, Inc. License #01775184 Listed on: 08/22/2018

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,434

Year Built

  • Built in 1924

Lot Details

  • 7,003 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Traditional Architecture
  • Raised Foundation
  • Spanish Tile Roof
  • Composition Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,896 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 5
  • Tax Tract Number 1111
  • Assessor Parcel Number 5177021005

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Water Sewer Expense $7,800
  • New Taxes Expense $8,613
  • Operating Expense $18,812
  • Net Operating Income $38,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,434

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 7800.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5177021005
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 260.70
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Spanish Tile
  • Construction Materials: Concrete

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Off Street

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7003.00
  • Lot Size Acres: 0.1608

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 57600.00
  • Lot Size Area: 7003.0000 Square Feet
  • Net Operating Income: 38788.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18812.00
  • Rent Control: Yes
  • Total Actual Rent: 4650.00
  • Total Expenses: 18812.00

Tax Info

  • New Taxes Expense: 8612.50
  • Tax Block: 5
  • Tax Census Tract: 2037.10
  • Tax Lot: 4
  • Tax Tract Number: 1111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2018
Sold by
Galvan Osaura Chavez
Bought by
Frias John Cruz
Current Estimated Value
$1,081,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2016
Sold by
Galvan Rosaura Chavez
Bought by
Galvan Rosaura Chavez

Purchase Details

Closed on
Jul 1, 2016
Sold by
Gomez Hortencia N
Bought by
Gomez Juan Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,437
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2006
Sold by
Gonzalez Ana Maria
Bought by
Gonzalez Ana Maria and Chavez Rosaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2006
Sold by
Gonzalez Ana Maria
Bought by
Gonzalez Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2003
Sold by
Goya Hector S
Bought by
Gonzalez Ana Maria and Chavez Rosaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,129
Interest Rate
5.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2001
Sold by
Amona Pirooz
Bought by
American Estate Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,565
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2001
Sold by
American Estate Investment
Bought by
Goya Hector S and Vasquez Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,565
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 2000
Sold by
American Estate Investments Inc
Bought by
Amona Pirooz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.35%

Purchase Details

Closed on
Jan 12, 2000
Sold by
Valdez Martin L
Bought by
American Estate Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.35%

Purchase Details

Closed on
Apr 28, 1997
Sold by
Mejia Leticia Medina
Bought by
Valdez Martin Lara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,829
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 1997
Sold by
Aguilar Luis
Bought by
Valdez Martin Lara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,829
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Aguilar Luis and Aguilar Fortunata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.78%

Purchase Details

Closed on
Mar 24, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frias John Cruz $755,000 First American Title Company
Galvan Rosaura Chavez -- None Available
Gomez Juan Garcia -- Lawyers Title
Galvan Rosaura Chavez -- Lawyers Title
Gonzalez Ana Maria -- Accommodation
Gonzalez Ana Maria -- United Independent Title
Gonzalez Ana Maria -- --
American Estate Investments Inc -- Fidelity Title Company
Goya Hector S -- Fidelity Title Company
Amona Pirooz -- Fidelity Title
American Estate Investment Inc -- --
Valdez Martin Lara -- First American Title Co
Valdez Martin Lara $159,000 First American Title Co
Aguilar Luis $150,000 Southland Title Corporation
Home Svgs Of America Fsb $218,504 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frias John Cruz $578,000
Previous Owner Frias John Cruz $566,250
Previous Owner Galvan Rosaura Chavez $432,437
Previous Owner Gonzalez Ana Maria $374,250
Previous Owner Gonzalez Ana Maria $385,000
Previous Owner Goya Hector S $290,129
Previous Owner Goya Hector S $282,565
Previous Owner Amona Pirooz $176,250
Previous Owner Valdez Martin Lara $155,829
Previous Owner Aguilar Luis $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2018 11/20/18 Sold $755,000 +9.6% $261 / Sq Ft
09/19/2018 09/19/18 For Sale $689,000 -8.7% $238 / Sq Ft
08/27/2018 08/27/18 Off Market $755,000 -- --
08/22/2018 08/22/18 For Sale $689,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,434 $842,212 $501,981 $340,231
2024 $10,434 $825,699 $492,139 $333,560
2023 $10,238 $809,510 $482,490 $327,020
2022 $9,771 $793,638 $473,030 $320,608
2021 $9,643 $778,077 $463,755 $314,322
2019 $9,361 $755,000 $450,000 $305,000
2018 $5,579 $432,856 $247,534 $185,322
2016 $4,937 $391,497 $171,278 $220,219
2015 $4,868 $385,618 $168,706 $216,912
2014 $4,907 $378,065 $165,402 $212,663
Source: Public Records

Agents Affiliated with this Home

  • Ruben Galvan

    Seller's Agent in 2018

    Ruben Galvan

    High Ten Partners, Inc.

    (626) 890-0356

    24 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18205520

California Regional Multiple Listing Service (CRMLS)

APN: 5177-021-005

California Los Angeles County Los Angeles 90033

2440 Houston St, Los Angeles, CA

This home is located at 2440 Houston St, Los Angeles, CA 90033 since 22 August 2018 and is currently estimated at $1,081,222, approximately $373 per square foot. This property was built in 1924. 2440 Houston St is a home located in Los Angeles County with nearby schools including Sheridan Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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